Chinese innovation hub sees surge in overseas-funded firms

Updated 2018-02-25 09:50:03 Xinhua

Shenzhen, a city emerging as China's leading innovation hub, saw the arrival of many new overseas-funded companies last year, local authorities said on Saturday.

More than 11,000 such firms, including many with investment from Hong Kong, were registered in Shenzhen last year, nearly twice the number in 2016, according to Shenzhen enterprise registration bureau.

Shenzhen in Guangdong Province has transformed from a tiny fishing enclave in the 1970s to one of China's most flourishing cities filled with successful tech companies and startups.

The growth of overseas investment is partly the result of the Hong Kong-Zhuhai-Macao Bridge, which is not yet in operation. The bridge will link cities in the Pearl River Delta, including Shenzhen, when it opens.

The number of new firms in Shenzhen surpassed 362,000 in 2017, around 1,000 new firms each day.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58August 20 2018 04:03:32

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16August 20 2018 04:03:32

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18August 20 2018 04:03:32

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords